Ok let's go worst case scenario.....AJM folds. with debt of around $245 million. they sell the mine, make 1/4 of that, pay it and then still a massive debt wiped by insolvency. Lenders get nothing. IMO
Or, lenders reduce interest rates, ensuring at least 10 years of cash flow, profits I might add.
That's IMO where it's at. It's in their interest to negotiate, not play hardball?
Ann: Extension of Voluntary Suspension, page-509
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